THE Bangko Sentral ng Pilipinas (BSP) cut its forecast for portfolio investments this year and next, given the government’s decision to borrow more from the domestic market.
The BSP said net portfolio investments, or money invested in government bonds or IOUs, in shares of Philippine listed companies, and in other peso-denominated financial assets, are expected to reach $3.6 billion this year, down from the original assumption of $3.9 billion.
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